Monex: Rights Offer Of Monex Ordinary Shares And N
REGISTER
MONEX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/010805/06)
("Monex" or "the Company")
RIGHTS OFFER OF MONEX ORDINARY SHARES
NOTICE OF LAST DAY TO REGISTER
1. INTRODUCTION
It was announced in the press on 29 June 2001 that the directors of Monex
had decided to raise approximately R220 million by way of a renounceable
rights offer of new Monex ordinary shares, underwritten by BoE Bank Limited
("the rights offer").
2. CONDITIONS PRECEDENT
The rights offer is conditional upon:
(i) the JSE Securities Exchange South Africa approving the necessary
documents and granting the required listings;
(ii) the Registrar of Companies registering the rights offer documents; and
(iii) shareholders adopting the necessary resolutions approving the increase
in authorised share capital of Monex and placing the authorised but unissued
shares of Monex under the control of the directors of Monex at a general
meeting to be held on Tuesday, 7 August 2001.
3. PURPOSE OF THE RIGHTS OFFER
The funds raised in terms of the rights offer will be used to reduce the
Company's borrowings.
4. NOTICE OF LAST DAY TO REGISTER FOR THE RIGHTS OFFER
The last day to register as a shareholder in Monex in order to participate
in the rights offer will be Friday, 10 August 2001.
5. FURTHER ANNOUNCEMENT
An announcement setting out the terms of the rights offer is anticipated to
be published on Thursday, 2 August 2001.
Cape Town
27 July 2001
Merchant bank
BOE Merchant Bank
A Division of BOE Bank Limited
Co. Reg. No. 1951/000847/06
Lead sponsor
PricewaterhouseCoopers
Corporate Finance (Pty) Ltd
(Registration number 1970/003711/07)
Sponsor
BoE Securities (Pty) Ltd
Member of the JSE Securities Exchange South Africa
Co. Reg. No. 1995/012240/07
Attorneys
Sonneberg Hoffmann & Galombik Inc.
(Registration number 1993/000565/21)
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
